- XRP price is forming a cup-and-handle pattern with key resistance at $3.55 and strong support at $2.80.
- RSI holds near 42, showing weakening sell pressure without entering oversold territory.
- Bollinger Bands have tightened, signaling low volatility and potential for a sharp price move.
XRP price is showing signs of a major technical breakout as it forms a textbook cup-and-handle pattern, with $3.55 acting as a key resistance level. After months of consolidation and a bullish falling wedge, momentum is quietly building. With RSI stabilizing and Bollinger Bands tightening, suppressed volatility could give way to a powerful move. If buyers reclaim $3.20, XRP may be poised for a surge toward the $6 mark.
XRP Price Action Shows Classic Breakout Structure With $6 Target In Play
With the XRP current price sitting at $2.80, the chart structure is showing the hallmarks of a cup-and-handle formation, with resistance firmly placed near $3.55. This neckline has acted as a ceiling on multiple occasions, but the broader curve suggests accumulation rather than exhaustion.
From July to September, the asset traced a falling wedge after rejection near $3.50, often a bullish continuation signal when paired with a strong base. Key support remains anchored at $2.80, a level repeatedly defended despite corrective moves.
Should buyers force a move above $3.20, momentum toward the neckline would intensify, setting up the possibility of a decisive breakout for XRP price. A clean push past $3.55 would activate the pattern, opening the path toward $6 in the coming months.
Indicators are now beginning to complement this structural view, with the RSI stabilizing around 42. This signals that sellers have lost their grip without dipping into oversold conditions.
On the other hand, Bollinger Bands have tightened considerably, reflecting suppressed volatility, which often precedes upward price trends. The mid-band near $2.95 has become a short-term pivot, serving as a dynamic resistance for intraday moves. Combined, these indicators suggest XRP is preparing for a stronger directional shift.
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